Rich....great news, stock is down, what else is new !!!
Regards,
Rob
USA Technologies is Issued a Patent For Credit Card Activated Computers, Printers and Copiers USA Technologies is Issued a Patent For Credit Card Activated Computers, Printers and Copiers Tuesday, April 08, 1997 7:00:00 AM EDT
WAYNE, Penn., April 8 /PRNewswire/ -- George R. Jensen, Jr., president and chief executive officer of USA Technologies, Inc. (Nasdaq: USTT), announced today that U.S. Patent No. 5,619,024 -- "Credit Card and Bank Issued Debit Card Operated System and Method for Controlling and Monitoring Access of Computer and Copy Equipment" -- has issued to the company.
USA Technologies proprietary TransAct(TM) payment and management system is a turnkey, unattended system that processes secure, real-time, credit card transactions, billing customers for actual services used while ensuring timely payments to the host site provider. TransAct allows anyone with a credit card to have pay-as-you-go access to all the latest in computer equipment and services, including data and word processing, access to the Internet and e-mail.
"With this patent protection, USA Technologies firmly establishes itself as a leader in providing convenient, affordable access to a full range of business and computer technology," said Jensen. "And, as the concept of the public PC continues to gain in popularity worldwide, the timing of this accomplishment could not be better."
"It is extremely gratifying to see that all our hard work has yielded a patented product with so many potential applications," added Brock Kolls, vice president and inventor of the technology. "We now look forward to the approval of the nine remaining patents currently pending with the U.S. Patent and Trademark Office."
Founded in 1992, USA Technologies, Inc. is a leading owner and licensor of credit card activated control systems for the personal computer, copier, facsimile and vending industries. The company's proprietary devices make available unattended control systems technology for credit card payments in connection with the sale of a variety of products and services. USA Technologies, Inc.'s unattended credit card Business Express(TM), Computer Express(TM), Copy Express(TM), and Fax Express(TM) are offered to commercial outlets for sale and through leasing agreements. SOURCE USA Technologies, Inc.
c PR Newswire. All rights reserved.
Additional sources of information
Company Profile - From E*TRADE: USTT
Stock Charts - From Quote.Com: USTT
SEC Filings - From EDGAR Online: USTT
Company Capsule - From Hoover's Online: USTT
Tell Me More - From Infoseek
|
